In the latest news related to cryptocurrencies, we are featuring the stocks of Apple on our DC Forecasts crypto news site. In only a matter of hours, the price of Apple has plunged by 10% and the technology behemoth is now struggling in a tough quarter.
Meanwhile, Samsung is also struggling to deal with low sales, despite being the largest conglomerate in South Korea. In times when smartphone users feel less compelled to buy new models (and with the introduction of blockchain smartphones), both Apple and Samsung think that this is the main reason for the decline in sales that will come in the next few years.
However, no one knows what was the real reason for the 10% drop of the Apple stock. On January 2nd, the CEO of Apple Tim Cook wrote a letter in which he told the investors that the firm’s projected revenue is expected to be lower in the future.
As an excerpt from that letter states:
“Based on these estimates, our revenue will be lower than our original guidance for the quarter, with other items remaining broadly in line with our guidance. While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates.”
Another big reason for the drop may be the ongoing trade war and the unresolved tension between the two countries (US and China).
And while more and more users are sticking to their standard Apple phones without upgrading, maybe blockchain phones can be the future of the smartphone world – especially in times when they can take advantage of the plunging market.
Bitcoin Goes Below And Above $4,000 Again: What’s Causing This Fluctuation?
- Hourly MACD – The MACD is slowly moving in the bullish zone, with a positive bias.
- Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting higher, but it is still well below the 50 level.
- Major Support Levels – $3,950 followed by $3,920.
- Major Resistance Levels – $4,000, $4,020 and $4,060
Bitcoin (BTC) Is Likely To Surge To $400k, According To Prominent Analyst
“$BTC Weekly Chart. Gandalf is holding $BTC below the mid $4,200 level. Bitcoin shall not pass the current resistance. So my target for the next drop has an aim at previous support near mid $3,500s,” he explained.https://twitter.com/Josh_Rager/status/1108205671659569152 Another chief market analyst at Think Markets UK named Naeem Aslam, also spoke about the key importance of the $4,000 level, noting that it will set a trend for which direction the markets could head next. As he said:
“Questions are being asked constantly when it comes to Bitcoin’s battle with the $4000 mark. The result of this battle sets the tone for a bullish or bearish trend. This price level has become a matter of death or life for crypto traders.”Aslam also believes that Bitcoin could eventually surge as high as $400k, even though the current price indicators don't show that. He explained:
“I personally believe that each Bitcoin can go up as much as $400K and if history repeats itself, this number is not a fool’s paradise. This is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”Another popular figure in the crypto industry named Ryan Selkis, spoke about the absurdity of purchasing a bottom in times when BTC has a massive potential. As he tweeted:
“I’d be extremely surprised if the bottom wasn’t in for this $BTC bear market. If you’ve been on the sidelines, what are you waiting for if not now? If you’re a long-term bull, the 5 year EV is 25-50x, and you’re going to wait to time an entry that’s 20% more attractive?”https://twitter.com/twobitidiot/status/1108520333039058944
Most Cryptocurrencies Report Slight Losses, Bitcoin Cash Grows Continuously
Analysis: Bitcoin Finally Pushes Over $4,000 As Other Cryptos Experience Growth
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